Revealed Monday, April 26, 2021 | 2:58 p.m.
Up to date 16 minutes in the past
NEW YORK (AP) — Trevor Lawrence is ready to money in on a number of platforms.
Lawrence, the possible No. 1 general NFL draft decide, signed an endorsement take care of cryptocurrency funding app Blockfolio on Monday.
Lawrence, the star quarterback at Clemson, is broadly anticipated be chosen by the Jacksonville Jaguars within the NFL draft, which begins on Thursday night time in Cleveland.
His signing bonus will are available cryptocurrency, which will probably be deposited into his Blockfolio account in a wide range of crypto cash resembling Bitcoin, Ethereum and Doge.
Bitcoin and different digital currencies have elevated in worth over the previous 18 months as a larger variety of firms and people have accepted them as a type of cost.
Bitcoin, which was value lower than $10,000 initially of 2020, tripled in worth over 2020 and now could be buying and selling at roughly $53,000 a coin.
Firms resembling Tesla now settle for the foreign money as a type of cost on their electrical automobiles, and corporations resembling Sq. and Venmo now enable people to carry Bitcoin inside their apps. The digital foreign money brokerage Coinbase went public this yr at a price of greater than $80 billion.
A number of NFL gamers already are concerned in cryptocurrency. Panthers veteran offensive deal with Russell Okung just lately grew to become an investor and adviser of Fold, a bank card that permits folks to build up Bitcoin after they store at retailers.
Okung, coming into his eleventh NFL season, tweeted late final yr “Paid in Bitcoin” and tweeted on Monday that “Bitcoin is inevitable.”
Additionally, Chiefs tight finish Sean Culkin, who’s coming into his fifth NFL season, tweeted on Monday that he’s changing his 2021 wage into Bitcoin. He has two receptions for 36 yards for his profession. He spent his first three seasons with the Chargers earlier than taking part in one sport final season for the Ravens.
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